Ripple’s RLUSD Emerges as Most Capital-Efficient Stablecoin with 39.49% Volume-to-TVL Ratio

Ripple’s stablecoin, RLUSD, is making waves in the crypto market with standout performance metrics that surpass leading competitors. Since its launch in December 2024, RLUSD has quickly gained traction, with its market capitalization soaring to $243.77 million—outpacing Ripple’s initial growth projections.

XRPL dUNL validator and influential figure Vet recently praised RLUSD in a post on X, calling it “the most capital-efficient stablecoin in the entire crypto market.” Vet pointed to RLUSD’s remarkable volume-to-TVL (Total Value Locked) ratio of 39.49%, which tops all other major stablecoins. For comparison, Tether (USDT) recorded 36.45%, USD Coin (USDC) came in at 15.02%, and PayPal USD (PYUSD) lagged behind at 6.76%, according to CoinMarketCap data from yesterday.

The volume-to-TVL ratio is a key metric used to assess how efficiently capital is utilized within a stablecoin ecosystem. A higher ratio indicates greater market activity and utility relative to the amount of capital locked, suggesting RLUSD is being used more dynamically than its peers.

Ripple executive Jack McDonald noted that the team had anticipated strong growth for RLUSD but acknowledged that current performance is exceeding expectations. McDonald reiterated the company’s ambition for RLUSD to become one of the top five stablecoins by the end of 2025, aligning with earlier forecasts made by Ripple CEO Brad Garlinghouse.

As the stablecoin landscape grows increasingly competitive, RLUSD’s rapid rise and capital efficiency position it as a strong contender in the market. With ongoing institutional support and robust adoption, Ripple’s stablecoin could soon reshape the rankings among top digital dollar assets.